Ukraine retail trade accelerates to 14% in 4M21
24 May 2021
Ukrainian retail sales increased 14.0% yoy in 4M21 accelerating
from 7.5% yoy growth in 1Q21, Ukraine’s State Statistics Service reported on
May 21. In April, retail sales declined 6.5% m/m, but surged 34.3% yoy.
In 4M21, retail growth accelerated across Ukraine. The
highest growth occurred in Chernivtsi (26.9% yoy), Ternopil (25.2% yoy) and
Zakarpattia (22.1% yoy) regions. The slowest growth rates were in
Ukraine-controlled Donetsk (7.8% yoy), Kharkiv (8.4% yoy), and Kirovohrad (9.2%
yoy) regions.
Evgeniya Akhtyrko: April’s
surge in retail trade is impressive given that non-food retail was under
quarantine restrictions in many regions. The low comparative base of April 2020
(14.9% yoy decline) is only partially responsible for the remarkable result.
We expect consumer demand to stay strong in
2021, allowing retail sales to accelerate to 10% yoy (vs. 8.4% yoy growth in
2020).
